Forbes America's Top Wealth Management Teams High Net Worth 2024 List

EDITED BY SERGEI KLEBNIKOV AND 
SHOOK RESEARCH
NOVEMBER 13, 2024, 10:00 AM
  • With election uncertainty now in the rear view mirror, stocks are rallying in the short term. Still, experts agree that valuations remain high compared to historical levels and markets look unlikely to replicate the double-digit returns of the last two years in 2025. Many financial advisors and their teams are subsequently relying on income-generating strategies, such as dividend paying stocks or private market alternative investments, as they look to keep clients’ assets and cash flow in good health. Wealth management teams, which include multiple client-facing advisors specializing in different areas from fixed income to tax and estate planning, have become more relevant than ever as client needs become increasingly complex in today’s changing world. Teams in the high net worth category typically focus on households with accounts under $10 million. The third annual Forbes | SHOOK Top Wealth Management Teams High Net Worth list has 100 teams with cumulative assets of more than $490 billion. Forbes’ list was compiled by SHOOK Research, which uses quantitative and qualitative data, including interviews, to rank teams.
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The Highlights

Data provided by SHOOK® Research, LLC. Data as of 3/31/24 Source: Forbes.com (November, 2024). Forbes America’s Top Wealth Management Teams ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team’s best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and team, and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the ranking. For more information, please see www.SHOOKresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC.

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